SAP SE

XTRA:SAP Voorraadrapport

Marktkapitalisatie: €181.3b

SAP Beheer

Beheer criteriumcontroles 3/4

Momenteel beschikken wij niet over voldoende informatie over de CEO.

Belangrijke informatie

Christian Klein

Algemeen directeur

€16.2m

Totale compensatie

Percentage CEO-salaris7.39%
Dienstverband CEO8.3yrs
Eigendom CEOn/a
Management gemiddelde ambtstermijn2.8yrs
Gemiddelde ambtstermijn bestuur3yrs

Recente managementupdates

Recent updates

Narratiefupdate • May 19

SAP: AI Adoption And Cloud Execution Will Drive Upside From Cautious Sentiment

Analysts have trimmed SAP's implied fair value to about €280 from roughly €281, reflecting a mix of modestly higher revenue growth and P/E assumptions, slightly lower profit margin expectations, and a series of recent price target cuts on the stock. Analyst Commentary Recent Street research on SAP has featured a mix of price target cuts, modest upward adjustments, and several rating changes, reflecting differing views on how the company is executing against its AI and cloud ambitions.
Narratiefupdate • May 04

SAP: Cloud And AI Execution Will Shape Recovery From Mixed Street Sentiment

Analyst price targets for SAP have been adjusted to €280.93 from €290.00, reflecting mixed recent Street research in which several firms trimmed targets while others raised or upgraded them based on differing views around growth, margins and appropriate P/E levels. Analyst Commentary Recent Street research on SAP presents a split view, with several firms trimming price targets or downgrading ratings while others highlight reasons to stay constructive.
Nieuw narratief • Apr 23

SAP SE (SAP): The Cloud Transition and the Business AI Surge

SAP SE (SAP) , the cornerstone of European enterprise software and Germany’s most valuable technology company, enters Thursday, April 23, 2026 , following its Q1 2026 earnings release earlier this morning. The company delivered a resilient performance in its home currency, reporting total revenue of €9.56 billion , a 6% year-over-year increase (and 12% at constant currencies ).
Narratiefupdate • Apr 19

SAP: Cloud Execution And AI Resilience May Support Trough-Level Rebound

The analyst price target for SAP has been revised from about €314 to €290, as analysts lower valuation multiples such as the future P/E to €32.49 and adjust discount rate assumptions, while still reflecting slightly higher revenue growth and profit margin expectations in their models. Analyst Commentary Recent Street research on SAP shows a mix of lower price targets and rating changes, but the tone is not uniformly negative.
Narratiefupdate • Apr 05

SAP: Cloud Execution And AI Resilience Will Support Future Upside

The analyst price target for SAP has been reduced in line with recent Street moves that lowered targets into the €225 to €290 range, as analysts factor in updated fair value assumptions, a revised future P/E of about 29.5x, and ongoing debates around growth and AI disruption risk. Analyst Commentary Recent Street research on SAP reflects a mix of optimism and caution, with several firms adjusting price targets and, in a few cases, ratings.
Narratiefupdate • Mar 21

SAP: Cloud Transition Execution And AI Resilience Will Drive Future Returns

The analyst fair value estimate for SAP has been reset from €222.94 to €178.44 as analysts trim price targets and assume a lower future P/E and revenue growth, while still highlighting resilience to AI disruption and steady margin expectations. Analyst Commentary Recent Street research on SAP shows a cluster of reduced price targets alongside a few more positive rating actions, which together feed into a more restrained view of upside.
Narratiefupdate • Mar 07

SAP: Cloud Conversion And AI Execution Will Drive Future Upside

The updated analyst price target for SAP moves lower to about €250 from roughly €282, as analysts factor in more moderate revenue growth assumptions, a slightly higher discount rate and a lower future P/E multiple, even as margin expectations edge higher and several firms trim price targets despite generally constructive ratings. Analyst Commentary Recent Street research on SAP shows a mix of optimism and caution, with several firms adjusting ratings and price targets while keeping a generally constructive stance on the equity story.
Narratiefupdate • Feb 20

SAP: AI And Cloud Progress May Support Trough-Level Rebound Ahead

Our updated analyst price target for SAP edges slightly lower by about €1 to €314. This reflects recent recalibrations from banks that cut their targets in Europe and the US while still highlighting solid long term fundamentals in revenue growth, profitability and P/E assumptions.
Narratiefupdate • Feb 06

SAP: When Expectations Collide with Transformation

SAP: When Expectations Collide with Transformation Over the past days, SAP’s share price fell sharply—roughly 14% within a single week. At first glance, such a move suggests something has fundamentally gone wrong.
Narratiefupdate • Feb 06

SAP: AI And Cloud Execution May Support Trough-Level Rebound Potential

Our analyst fair value estimate for SAP has been adjusted from €330.00 to €315.00 as analysts update their assumptions around growth, margins and discount rates, reflecting a wave of recent target cuts and mixed rating changes across major banks and brokers. Analyst Commentary Street research around SAP has been mixed, with several price target cuts sitting alongside fresh upgrades and more constructive valuation comments.
Narratiefupdate • Jan 23

SAP: AI Partnerships And BlackLine Option May Support Future Upside

SAP's analyst fair value estimate has shifted from €345.00 to €330.00, as analysts adjust their targets in line with recent Street research that includes a lower Morgan Stanley price target, a higher JPMorgan target, and commentary suggesting a potential valuation trough. Analyst Commentary Recent Street research around SAP highlights a mix of caution and optimism, with more positive analysts pointing to potential upside in the shares despite adjustments to individual price targets.
Narratiefupdate • Jan 08

SAP: Cloud Conversion And EU AI Cloud Will Drive Future Upside

SAP's updated fair value estimate edges down to about $282.05 from $286.75, even as analysts raise price targets into a €310 to $348 range. This reflects mixed views that balance more cautious revenue assumptions with confidence in the company's cloud pipeline and long term positioning.
Analyseartikel • Dec 30

A Look At The Intrinsic Value Of SAP SE (ETR:SAP)

Key Insights SAP's estimated fair value is €252 based on 2 Stage Free Cash Flow to Equity Current share price of €208...
Narratiefupdate • Dec 21

SAP Cloud Transition And Legal Overhangs Are Expected To Shape Returns

Analysts have modestly lifted their price target for SAP, raising fair value to approximately $223 from about $217, as they factor in stronger expected revenue growth and higher future earnings multiples despite slightly lower margin assumptions. This view is supported by a series of recent Overweight and Outperform ratings along with upward target revisions.
Narratiefupdate • Dec 07

SAP: Cloud Conversion And BlackLine M&A Optionality Will Drive Future Upside

The analyst price target for SAP has inched lower by approximately $1 to about $287 per share, as analysts balance slightly higher discount rates and modestly trimmed valuation multiples against still constructive views on the company’s cloud driven growth trajectory and resilient long term positioning highlighted in recent research. Analyst Commentary Recent Street research reflects a predominantly constructive stance on SAP, with several upward price target revisions offset by a modest reduction from one firm.
Narratiefupdate • Nov 23

SAP: Ongoing Cloud Momentum And M&A Activity Will Drive Future Outperformance

Analysts have slightly adjusted SAP's price target downward to $287.58, reflecting marginal changes in financial forecasts. Recent research highlights ongoing resilience in the cloud business and a positive outlook despite conservative guidance.
Narratiefupdate • Nov 09

SAP: Cloud Transition And New Deal Activity Will Drive Durable Long-Term Gains

SAP's fair value price target was raised slightly from €288.14 to €288.67. Analysts point to resilient earnings visibility and ongoing cloud growth potential, despite mixed revenue guidance.
Narratiefupdate • Oct 26

Cloud Conversion And AI Integration Will Drive Market Confidence Amid Regulatory Risks

The analyst price target for SAP has been increased slightly from $287.60 to $288.14. Analysts cite improved revenue growth expectations and resilience in the company's cloud business, despite some caution around near-term guidance.
Narratiefupdate • Oct 12

AI Integration And Cloud Migration Will Unlock Future Opportunity

SAP's analyst price target has edged down from €291.91 to €287.60, as analysts cite a combination of modestly reduced revenue growth expectations and sustained profit margins. This comes amid a resilient but cautious outlook for the business.
Narratiefupdate • Aug 27

AI Integration And Cloud Migration Will Unlock Future Opportunity

Analysts raised SAP’s price target slightly to €290.95, citing robust Q2 results and confidence in its cloud transition, though concerns persist over macroeconomic risks and valuation. Analyst Commentary Bullish analysts highlight robust Q2 results with 12% revenue growth and a 34% increase in operating profit as key drivers for raising price targets.
Analyseartikel • Aug 07

Should You Investigate SAP SE (ETR:SAP) At €249?

XTRA:SAP 1 Year Share Price vs Fair Value Explore SAP's Fair Values from the Community and select yours Today we're...
Analyseartikel • Jul 25

SAP SE Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Last week, you might have seen that SAP SE ( ETR:SAP ) released its quarterly result to the market. The early response...
Analyseartikel • Jul 07

Calculating The Intrinsic Value Of SAP SE (ETR:SAP)

Key Insights Using the 2 Stage Free Cash Flow to Equity, SAP fair value estimate is €279 With €256 share price, SAP...
Analyseartikel • Jun 10

Weekly Picks: 📊 OXY's Diversification Strategy, AGX's Tailwinds, and SAP's Valuation Risks

This week's picks cover: Occidental’s 10 year vision to become an energy powerhouse, why Argan’s success will come from its tailwinds and management team, plus, why SAP’s price today may not be the best entry point.
Analyseartikel • Jun 10

OXY's

This week's picks cover: Occidental’s 10 year vision to become an energy powerhouse, why Argan’s success will come from its tailwinds and management team, and why SAP’s price today may not be the best entry point.
User avatar
Nieuw narratief • May 06

EU#1 - From German Startup to EU’s Biggest Company

R/2: Mainframe-based ERP
User avatar
Nieuw narratief • Nov 07

Cloud Innovations And AI Drive Growth Amid Market Challenges For The Company

SAP's cloud and AI initiatives drive substantial revenue growth by enhancing services, customer engagement, and operational efficiency.

Analyse CEO-vergoeding

Hoe is Christian Klein's beloning veranderd ten opzichte van SAP's winst?
DatumTotale vergoedingSalarisBedrijfswinsten
Mar 31 2026n/an/a

€7b

Dec 31 2025€16m€1m

€7b

Sep 30 2025n/an/a

€7b

Jun 30 2025n/an/a

€7b

Mar 31 2025n/an/a

€6b

Dec 31 2024€19m€1m

€3b

Sep 30 2024n/an/a

€3b

Jun 30 2024n/an/a

€3b

Mar 31 2024n/an/a

€3b

Dec 31 2023€7m€1m

€4b

Sep 30 2023n/an/a

€3b

Jun 30 2023n/an/a

€3b

Mar 31 2023n/an/a

€3b

Dec 31 2022€9m€1m

€4b

Sep 30 2022n/an/a

€4b

Jun 30 2022n/an/a

€5b

Mar 31 2022n/an/a

€5b

Dec 31 2021€9m€1m

€7b

Sep 30 2021n/an/a

€6b

Jun 30 2021n/an/a

€6b

Mar 31 2021n/an/a

€5b

Dec 31 2020€10m€1m

€5b

Sep 30 2020n/an/a

€5b

Jun 30 2020n/an/a

€5b

Mar 31 2020n/an/a

€4b

Dec 31 2019€8m€790k

€3b

Compensatie versus markt: De totale vergoeding ($USD 18.95M ) Christian } ligt boven het gemiddelde voor bedrijven van vergelijkbare omvang in de German markt ($USD 5.59M ).

Compensatie versus inkomsten: De vergoeding van Christian is het afgelopen jaar in lijn geweest met de bedrijfsprestaties.

CEO

Christian Klein (45 yo)

8.3yrs
Tenure
€16,245,000
Compensatie

Mr. Christian Klein has been the Chief Executive Officer of SAP SE since April 20, 2020 and its Member of Executive Board since January 1, 2018. Mr. Klein serves as Member of Supervisory Board at adidas AG...

Leiderschapsteam

NaamPositieTenureCompensatieEigendom
Christian Klein
CEO & Member of Executive Board8.3yrs€16.25mgeen gegevens
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board9.3yrs€290.00kgeen gegevens
Dominik Asam
CFO & Member of Executive Board3.2yrs€2.53mgeen gegevens
Thomas Saueressig
Member of Executive Board6.5yrs€7.05mgeen gegevens
Sebastian Steinhaeuser
Chief Strategy Officer & COO and Member of Executive Board2.3yrs€2.13mgeen gegevens
Gina Vargiu-Breuer
Chief People Officer2.3yrs€2.53mgeen gegevens
Muhammad Alam
Lead Product Engineering & Member of Executive Board2.1yrs€2.25mgeen gegevens
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Boardno data€235.00kgeen gegevens
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Boardno data€235.00kgeen gegevens
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Boardno data€235.00kgeen gegevens
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board1.3yrs€285.00kgeen gegevens
Hasso Plattner
Co-Founderno data€179.20kgeen gegevens
2.8yrs
Gemiddelde duur
48yo
Gemiddelde leeftijd

Ervaren management: Het managementteam van SAP wordt beschouwd als ervaren (gemiddelde ambtstermijn 2.8 jaar).

Bestuursleden

NaamPositieTenureCompensatieEigendom
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board24.1yrs€290.00kgeen gegevens
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Board2.1yrs€235.00kgeen gegevens
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Board2.1yrs€235.00kgeen gegevens
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Board2.1yrs€235.00kgeen gegevens
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board2.1yrs€285.00kgeen gegevens
Marielle Ehrmann
SVP, Chief Securityless than a yeargeen gegevensgeen gegevens
Pekka Ala-Pietilae
Independent Chair of Supervisory Board2yrs€600.00kgeen gegevens
Gerhard Oswald
Independent Supervisory Board Member7.3yrs€285.00kgeen gegevens
Xin-Zhe Li
Independent Member of Supervisory Board4yrs€295.00kgeen gegevens
Rouven Westphal
Independent Member of Supervisory Board5yrs€285.00kgeen gegevens
Friederike Rotsch
Independent Member of Supervisory Board8yrs€385.00kgeen gegevens
Aicha Evans
Independent Member of Supervisory Board8.8yrs€285.00kgeen gegevens
3.0yrs
Gemiddelde duur
54yo
Gemiddelde leeftijd

Ervaren bestuur: De raad van bestuur van SAP wordt beschouwd als ervaren (gemiddelde ambtstermijn 3 jaar).

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2026/05/31 02:23
Aandelenkoers aan het einde van de dag2026/05/29 00:00
Inkomsten2026/03/31
Jaarlijkse inkomsten2025/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

SAP SE wordt gevolgd door 65 analisten. 21 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Knut WollerBaader Helvea Equity Research